3 Room HDB for Sale in 216 Bukit Batok Street 21

The HDB 3-room unit located in Bukit Batok, with a remaining lease of 57 years, has been appraised at an estimated value of $614,963, translating to $472 PSF. This valuation reflects a modest market price differential of 3.3% from the baseline, indicating a stable demand and a well-balanced supply in the area. Such a figure underscores the resilience of the Bukit Batok housing market, which continues to attract both owner-occupiers and investors alike, particularly in light of the recent trend towards urban living.

The model confidence surrounding this valuation is categorized as high, supported by an analysis of 323 recent HDB resale transactions within the vicinity. This substantial dataset enhances the reliability of the valuation, providing a robust basis for understanding current market dynamics. The relatively long remaining lease of 57 years is also a significant factor, as it offers potential buyers an extended period of residency, while still appealing to investors seeking stable rental yields. Overall, the HDB market in Bukit Batok demonstrates a healthy equilibrium, reflecting positive market sentiments despite the ongoing fluctuations in the broader economic landscape.